Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Manufacturers of Unmanned Surface Vessels Leverage Collision Avoidance Sensor Market, Valuation to Touch Mark of ~US$ 12 Bn by 2027: TMR

This image opens in the lightbox

News provided by

Transparency Market Research

23 Nov, 2020, 16:30 GMT

Share this article

Share toX

Share this article

Share toX

- Automobile companies consider technologies in collision avoidance sensor market as pivot for incorporating smart sensors for improving safety and reliability, research in autonomous vehicles to spur developments

- Market to clock CAGR of 13% During 2019- 2027, adoption in unmanned aerial vehicles (UAVs) to open new vistas in Asia and North America

ALBANY, N.Y, Nov. 23, 2020 /PRNewswire/ -- Collision avoidance sensors form a key part of next-gen, smart sensor systems used in wide range of automobiles, notably vehicles, unmanned aerial vehicles (UAVs), and mobile robots. They can range from unidirectional to multidirectional in order to make driving safety and convenient.

Rise in investments on research and development of mobile robots has also spurred Stakeholders Park their funds in boosting the commercialization of flexible Time-of-Flight (ToF) sensor arrays.

Analysts at TMR opine that companies should harness align data streams from next-gen radars, cameras, and ultrasonic systems and aim for multimodal data fusion. This will allow them to develop safety and reliability in autonomous vehicles.

The aforementioned investments trend and emerging investment avenues are expected to spur the global collision avoidance sensor market to expand at healthy CAGR of 13% during 2019–2027. By 2027-end, the global market is projected to reach a mark of ~US$ 12 Bn.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=66575

Key Findings of Collision Avoidance Sensor Market Report

  • Of the various frequencies, there is a conscious shift toward 77-GHz radars, especially in high-end vehicles
  • Aerospace & defense sectors are expected to endow sizable revenue shares to global collision avoidance sensor market
  • Opportunities in warehousing & logistic end-use industry expected to expand at rapid pace during 2019 - 2027
  • Europe is the leading market among all geographies
  • Revenue streams in North America and Asia Pacific to rise at healthy pace

Explore 225 pages of top-notch research, incisive insights, and detailed country-level projections on Collision Avoidance Sensor Market (Technology: Radar, LiDAR, Ultrasound, and Others; Application: Object Detection, Blind Spot Detection, Lane Departure Warning System, Adaptive Cruise Control, Parking Assistance, and Others; and End-use Industry: Automotive, Aerospace & Defense, Marine, Warehousing & Logistics, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019- 2027 at https://www.transparencymarketresearch.com/collision-avoidance-sensors-market.html

Collision Avoidance Sensor Market: Key Driving Factors and Promising Avenues

  • Software algorithms and the SLAM (simultaneous localization and mapping) technology are new frontiers in the collision avoidance sensors market.
  • The growing popularity of omnidirectional vision drones in various commercial and consumer application has bolstered the adoption of collision avoidance sensors.
  • Growing penetration of drones in commercial and government sectors has spurred the prospects for developers of collision avoidance sensors. Leading automakers seeking revenue streams in the collision avoidance sensor market are thus integrating these sensors with lane departure warning systems.
  • Increased focus of numerous globally prominent automakers in improving the safety and convenience attributes has spurred the growth prospects in the collision avoidance sensors market.
  • The growing demand for lane departure warning systems has led to the incorporation of cutting-edge collision avoidance sensors.
  • The advent of side mirror cameras has expanded the functionality of smart sensor systems.
  • Over the past decades, technological advancements in unmanned aerial vehicles (UAVs) aim at improving the real-time obstacle detection mechanism, thereby boosting the collision avoidance sensors market.
  • Investments in developing time-of-Flight (ToF) sensor for high-end mobile robots have encouraging new vistas for stakeholders in the market. A large deal of the momentum has come from the growing penetration of robotics in logistics and warehouses.

Analyze global collision avoidance sensor market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Collision Avoidance Sensor Market: Regional Landscape

Geographically, Europe is the leading market and is expected to see spate of investments in the development of autonomous vehicles that incorporate advanced sensor systems. Over the past few years, investments in this regional market has risen remarkably due to stringent implementation of regulatory norms pertaining to the safety of passengers. This has been underpinned by growing investments in the development of radar, LiDAR, and ultrasonic sensors for collision avoidance. Thus, Europe will keep witnessing sizable revenue streams in the global collision avoidance sensor market.

Meanwhile, the opportunities in Asia Pacific and North America are expected to rise at promising growth rate during 2019 – 2027. The demand for premium vehicles is a key trend that has expanded the revenue potential of the Asia Pacific market.

Collision Avoidance Sensor Market: Competitive Landscape

The global market is highly fragmented with the top five players accounting for relatively small shares—around 25%--in 2018. Further, stratups and new entrants find drones with multiple direction obstacle avoidance sensor system a promising avenue to park their funds.

Some of the key players are Microchip Technology Inc., Honeywell International Inc., Continental AG, Denso Corporation, and Robert Bosch GmbH.

Request the Covid19 Impact Analysis at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=66575

Global Collision Avoidance Sensor Market: Segmentation

Collision Avoidance Sensor Market, by Technology

  • Radar
  • LiDAR
  • Ultrasound
  • Others

Collision Avoidance Sensor Market, by Application

  • Object Detection
  • Blind Spot Detection
  • Lane Departure Warning System
  • Adaptive Cruise Control
  • Parking Assistance
  • Others

Collision Avoidance Sensor Market, by End-use Industry

  • Automotive (including Passenger Vehicles and Commercial Vehicles)
  • Aerospace & Defense
  • Marine
  • Warehousing & Logistics
  • Others

Collision Avoidance Sensor Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America

Explore Transparency Market Research's award-winning coverage of the Global Electronics & Semiconductors Industry:

Sensor Signal Conditioner (SSC) ICs Market – The global market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global sensor signal conditioner (SSC) ICs market. Sensor signal conditioner (SSC) ICs helps in conditioning of signals coming out from sensors and going toward the computer.

Smart Antenna Market – The global smart antenna market is projected to expand at a CAGR of 7.9% during the forecast period 2019-2027. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Increasing application of smart antennas in smartphones and growing demand for smart antennas in wireless communication has increased the penetration and growth of the smart antenna market globally.

High Resolution Dispensing Systems and Equipment Market – The integration of automation in various industries such as automotive, oil and gas, aerospace and defense, and fluids is set to contribute to the growth of the global high resolution dispensing systems and equipment in the coming years. The need for control, accuracy, and customization across these end-user industries is expected to be a major factor boosting the market during the forecast period.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com 
Website: https://www.transparencymarketresearch.com 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/collision-avoidance-sensors-market.htm

Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg

Modal title

Also from this source

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Ultra-high Purity Anhydrous Hydrogen Chloride (HCl) Gas Market to Reach USD 5.7 Billion by 2031, Expanding at a CAGR of 5.4% | TMR Report

Over the last year, several companies have announced new semiconductor fabrication sites, especially in the U.S., India, and Europe. These...

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

Silicon Metal Market Size Projected to Expand to USD 10.7 Billion by 2031 Exhibiting 5.1% CAGR: Transparency Market Research, Inc.

The market was valued at US$ 6.9 billion in 2022. The Silicon Metal Market Growth is estimated to reach US$ 10.7 billion by the end of 2031,...

More Releases From This Source

Explore

High Tech Security

High Tech Security

Computer & Electronics

Computer & Electronics

Automotive

Automotive

Transportation, Trucking & Railroad

Transportation, Trucking & Railroad

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.